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- BusinessReuters
Dollar set for weekly gain as rate cut bets ebb
The Australian dollar is down 1.3% to $0.6605 through the week so far and the New Zealand dollar is about 0.6% weaker at $0.6098. "Traders pushed out the timing of the first Fed rate cut to December," said Westpac economist Jameson Coombs. Minutes from the Federal Reserve's April 30-May 1 meeting published this week also showed a live debate among policymakers as to whether current rates are sufficiently restrictive to cool inflation, again surprising investors expecting rate cuts.
2 min read - BusinessTipRanks
e.l.f. Beauty Stock (NYSE:ELF): Its Rapid Growth Isn’t Just Cosmetic
e.l.f. Beauty (NYSE:ELF) is a surprising standout this week, and the company’s impressive growth isn’t just surface-level or cosmetic. e.l.f. Beauty’s excellent financial performance is real and undeniable, and the company’s forward guidance should reassure reluctant shareholders. Therefore, even after today’s huge share-price rally, I am still bullish on ELF stock. e.l.f. Beauty is a cosmetics company with a “focus on clean, cruelty free and vegan products.” There’s a pretty good chance that yo
5 min read - BusinessSimply Wall St.
While institutions own 28% of Metals X Limited (ASX:MLX), retail investors are its largest shareholders with 42% ownership
Key Insights Metals X's significant retail investors ownership suggests that the key decisions are influenced by...
4 min read - BusinessReuters
Oil flat as firming US gasoline demand offsets rate jitters
Oil prices were steady early in the session on Friday as players took stock of the U.S. Federal Reserve's latest comments on interest rates amid sticky inflation, while firming seasonal U.S. fuel demand lent support. Brent crude futures were up 1 cent at $81.37 a barrel at 0002 GMT. Ongoing macroeconomic constraints in the U.S. held prices in the balance as investors digested Wednesday's minutes from the Fed's latest policy meeting, which showed policymakers remain doubtful if current interest
2 min read - WorldReuters
China starts second day of war games around Taiwan
China's military started its second day of war games around Taiwan on Friday, with drills to test their ability to "seize power" and control key areas, exercises it has said were launched to punish Taiwan's President Lai Ching-te. The two days of drills in the Taiwan Strait and around groups of Taiwan-controlled islands near the Chinese coast started just three days after Lai took office. China, which views democratically governed Taiwan as its own territory and denounces Lai as a "separatist"
1 min read - BusinessReuters
Micron hit with $445 million US verdict in Netlist patent trial
Chipmaker Micron Technology owes computer-memory company Netlist $445 million in damages for violating Netlist's patent rights in memory-module technology for high-performance computing, a U.S. jury said on Thursday. Jurors in the U.S. District Court for the Eastern District of Texas agreed with Netlist that Micron's semiconductor-memory products infringe two Netlist patents related to technology for improving the capacity and performance of memory modules. The jury also concluded that Micron
1 min read - USChicago Tribune
Illinois Democrats still at odds over tax hike proposals as budget talks again head into overtime
SPRINGFIELD — Despite their iron-clad control in Springfield, Illinois Democrats for the second straight year will be unable to meet a self-imposed deadline for approving a state spending plan as Gov. J.B. Pritzker faces pushback from his own party on more than $900 million in tax hikes that he says are needed to balance his proposed $52.7 billion election-year budget. With the state facing a ...
8 min read
